Tax reform will not solve the problem of Kazakhstan's state budget deficit, and comprehensive measures are needed to address this issue. This opinion was expressed by the director of the Talap Center for Applied Research, Askar Kysykov, on the Rossiya 24 TV channel. The Government of Kazakhstan is discussing tax reform, which implies an increase in VAT from 12% to 20%.
A possible increase in VAT in Kazakhstan from 12% to 20% will lead to higher prices, lower real incomes and higher inflation. This forecast was made by Askar Kysykov, director of the Talap Center for Applied Research, on the Rossiya 24 TV channel. The Government of Kazakhstan is discussing tax reform in order to solve the problem of the state budget deficit. The reform involves an increase in VAT from 12% to 20%.
The National Bank recently decided to keep the base rate at 15.25% per annum with a range of +/- 1 percentage point, Kazinform agency correspondent reports.
At the end of last year, the dollar exchange rate in the exchangers of Kazakhstan exceeded 530 tenge.
Chinese marketplaces are killing Kazakhstan's SMEs-publications with such headlines have periodically appeared in local media over the past year. In Russian, by the way, too. What is behind the information attacks on Chinese platforms, with what results does e-commerce end the year in the country, and what problems should actually be solved? Read about this in today's TAJ.report analysis.
The state is still involved in the economy In May of this year, the Presidential Decree "On measures to liberalize the economy" was issued. The document is aimed at ensuring freedom of entrepreneurship through the development of competition, reducing state participation in the economy and reducing business costs.
Two years ago, at a meeting on the socio-economic situation in the country, the President of Kazakhstan instructed to start drafting a law on bankruptcy of individuals. And already in March of the 23rd year, the bankruptcy law began to take effect. Despite the fact that this is a real chance to get rid of financial bondage, the percentage of approval of applications remains very low.
Over the past three weeks, the ruble exchange rate has risen by 12% at once, reaching the value of 5.35 tenge. How long will the strengthening of the Russian currency last and how will this affect the growth of inflation, says Zakon.kz .
The Government has drafted a new Tax Code. It will already be published this week. In this issue on TALKS.Talks with Vice Minister of National Economy Azamat Amrin, we talked about the main changes in tax policy. Guest of the broadcast: Azamat Amrin, Vice Minister of National Economy
The Supreme Audit Chamber of Kazakhstan in its report for 2023 revealed serious problems and violations in the use of budget funds, which undermines the financial stability of the country and raises questions about the competence of government agencies.
On June 12, the United States imposed blocking sanctions against the Moscow Stock Exchange. Meanwhile, domestic experts are asking a reasonable question how sanctions against the Moscow Exchange will affect the formation of the tenge exchange rate and trade relations between Kazakhstan and Russia. And they are also afraid of a repeat of the situation in 2014, when the ruble fell to three tenge and domestic goods became not competitive. What to expect in the near future?
Today, on May 23, the deputies of the Senate considered and returned to the Mazhilis a bill on minimizing risks in lending, protecting the rights of borrowers, regulating the financial market and improving enforcement proceedings
